Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
rdf2778
New Member

Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.

 
1 Best answer

Accepted Solutions
PatriciaV
Level 7

Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.

Condolences on the loss of your father.

Yes, mortgage interest paid by a deceased taxpayer may be reported either on the final tax return for the taxpayer or the estate's tax return (if any).

However, you personally cannot deduct mortgage interest for a property held in trust for the estate of another taxpayer.

View solution in original post

1 Reply
PatriciaV
Level 7

Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.

Condolences on the loss of your father.

Yes, mortgage interest paid by a deceased taxpayer may be reported either on the final tax return for the taxpayer or the estate's tax return (if any).

However, you personally cannot deduct mortgage interest for a property held in trust for the estate of another taxpayer.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v